Artificial intelligence will transform healthcare, science and manufacturing in ways few technologies have before, JPMorgan Chase CEO Jamie Dimon said, even as companies grapple with questions around the return on their AI investments and the protection of proprietary data. Speaking in an interview with CNBC, Dimon said AI is already beginning to move beyond chatbots … Read more
Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes. “To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will … Read more
More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI. They issued the jointly signed statement on Monday, warning that AI could drive a larger economic transformation than … Read more
OpenAI on Thursday unveiled ChatGPT Work, an agent in its popular chatbot designed to execute tasks across different applications and files, marking the startup’s latest push into workplace automation. ChatGPT Work, powered by GPT-5.6, can gather context from apps, files and workflows to create finished documents, spreadsheets, presentations, reports and websites, the company said. The … Read more
Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk’s aerospace behemoth, has recently bought meteorites worth $10,000 and a $5,000 fire truck. The 50-year-old space enthusiast is not sure how he will use the truck – maybe as an attraction for his 3-year-old kid’s birthday party. But his … Read more
Amazon.com is looking to raise at least $25 billion through a US dollar bond sale, Bloomberg News reported on Tuesday (July 7), in the company’s latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, … Read more
Morgan Stanley said the recent weakness in US semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI “hyperscalers” as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage said hyperscalers — an industry term for tech companies that are spending … Read more
French cosmetics company L’Oreal has used AI to identify molecules in its skincare products that can be repurposed for use in shampoo and can now create products four times faster than before, a senior executive told Reuters. Consumer companies, including Nescafe owner Nestle, Sensodyne toothpaste maker Haleon and chocolate maker Mondelez, are using AI in … Read more
India’s digital public infrastructure transformed services like payments and identity. The next step, the article argues, is to build similar shared infrastructure for artificial intelligence. Trusted data, interoperable platforms, governance, and AI-ready talent could help India move beyond AI pilots and unlock more than $500 billion in economic value by 2030. India’s AI conversation is … Read more
Investors are seeking signs that the US stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology earnings will check the pulse of chip demand to see if it is still accelerating. Despite a sharp mid-week selloff, major US stock indexes are hovering near all-time highs, supported … Read more
